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BMTC Group Inc. Announces Financial Results for the Semester Ended October 31st, 2020


Results
For the nine month period ended October 31, 2020, the Company s revenues decreased by $77,919,000 to $470,770,000 compared to $548,689,000 recorded in the corresponding 2019 period, a 14.2% decrease. Net earnings for the nine month period ended October 31, 2020 amounted to $27,927,000 compared to $20,674,000 recorded in the corresponding 2019 period. Basic net earnings per share amounted to $0.82 compared to $0.60 recorded in the corresponding 2019 period.
The variation in adjusted net earnings would be $7,340,000 or $0.22 per basic share for the nine month period ended October 31, 2020 and is explained as follows:
(Unaudited and $ in thousands)
Financial position and dividends
Cash, net of the bank overdraft, and investments increased by $84,688,000 during the nine month period ended October 31, 2020. Investments consist of bank notes, government and corporate bonds and common shares, which at the close of the period had a market value of $208,673,000 ....

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